Greece agrees to stay in Eurozone as part of a new bailout plan
GREECE (KUSI) – After 17 hours of marathon talks, Greece and the Eurozone reached an agreement for a third bailout in five years.
Greece has agreed to remain in the Eurozone in exchange for $96 billion towards their economy over the next three years.
The money will help privatize state assets and replenish the nation's banks.
But before the cash is coughed up, lawmakers in Athens must adopt the reforms by Wednesday.
Then, the plan has to pass through five more European parliaments.
"Today's agreement keeps Greece in a state of financial stability. It gives the possibilities for a recovery. It will, however, be an agreement whose implementation will be difficult," said Greek Prime Minister, Alexis Tsipras.
After two weeks, Greek banks are still closed but are expected to reopen Thursday.